Pensioners' cooperative

Pensioners' cooperative

From Media Indonesia

I understand that today many pensioners (civil servants, armed forces members, widows) are obtaining loans from certain banks. Banks are the only source for them to get loans with an interest rate of 20 percent. To help alleviate the pensioners' burden, I hope the government establishes a cooperative for the pensioners from which they can borrow and save their money.

The borrowing procedure should be made simple and the interest rate should not exceed six percent. This cooperative can be managed by PT Taspen (state-owned Savings and Pension Insurance Company). The pensioners rely on this company for the payment of their monthly pensions.

MARAH KAMRIN

Jakarta